Macquarie Mortgages USA Inc. Appoints Doug Lee Head of Correspondent Lending

Macquarie Mortgages USA Inc., is pleased to announce the appointment of Doug Lee as Head of Correspondent Lending. In this national leadership position, Lee will direct all sales distribution activities and guide the company's strategy as it expands its correspondent partnerships.

(Photo: http://www.newscom.com/cgi-bin/prnh/20060502/NYTU202 )

Prior to joining Macquarie Mortgages USA Inc., Lee was Head of Broker Sales for Macquarie Mortgages Australia. Under his direction, the business unit earned the top ranking in the 2005 Brokers on Banks Survey, sponsored by Mortgage Professional Australia magazine. Correspondent lenders participated in the survey, rating companies on quality of service, support, products and sales teams.

With Doug's remarkable success in Australia and 25 years of leadership in the financial services industry, his insight will be an important influence on the direction of our correspondent lending efforts, said Jim Wilson, National Production Manager.

Doug is well-versed in the fresh approach all Macquarie group companies take to the market, said Linda Henley, CEO of Macquarie Mortgages USA Inc. His appointment speaks to our commitment to help our correspondent partners become more competitive through unique products backed by proven service excellence.

About Macquarie Mortgages USA

Active since 2002, Macquarie Mortgages USA aims to become the premier mortgage origination company in the United States, working with lenders to help borrowers who aspire to build wealth and achieve financial security. Macquarie Mortgages USA is a member of the Macquarie group and is headquartered in Memphis, TN. Macquarie Mortgages USA makes its innovative range of products and programs available to homebuyers through a network of brokers and correspondent lenders in 32 US states.

The Macquarie group (Macquarie) is a diversified international provider of specialist financial and investment banking services around the world. Headquartered in Sydney, Australia, the Macquarie group comprises Macquarie Bank Limited (MBL), the leading Australian investment bank and its subsidiaries and affiliates worldwide. Macquarie listed on the Australian Stock Exchange in 1996, and Macquarie now employs more than 7,600 people in 23 countries.

For more information about Macquarie Mortgages USA's products and services, visit our website at http://www.macquariemortgages.com/

Macquarie Mortgages USA Inc. is not an authorized deposit-taking institution for the purposes of the Banking Act (Cth) 1959, and Macquarie Mortgages USA Inc. obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542. Macquarie Bank Limited does not guarantee or otherwise provide assurance in respect of the obligations of Macquarie Mortgages USA Inc. The Macquarie group refers to Macquarie Bank Limited (MBL), an authorized deposit-taking institution under the Banking Act 1959 (Cth) to conduct banking business in Australia and its subsidiaries and affiliates worldwide. MBL maintains Representative Offices in California, New York, Texas, and Washington State. MBL is not licensed to conduct banking business in the U.S. With respect to matters which may be subject to US securities laws and to the extent required by such laws, the Macquarie group consults with, and acts through one of its affiliated U.S. registered broker- dealers.

Source: Macquarie Mortgages USA Inc.

CONTACT: Linda P. Henley, CEO of Macquarie Mortgages USA Inc.,
+1-901-322-7492